Tech Company Inital Public Offerings
Aclaris Therapeutics IPO
Headquartered in Wayne, Aclaris Therapeutics is now a public company.
Transaction Overview
Company Name
Announced On
10/7/2015
Transaction Type
IPO
Amount
$55,000,000
Proceeds Purpose
We currently estimate that we will use the net proceeds from this offering, together with our existing cash and cash equivalents, as follows: approximately $22.0 million to complete our three planned Phase 3 clinical trials and seek regulatory approval of A-101 for the treatment of SK; approximately $13.0 million to fund continued research and development of A-101 for the treatment of common warts, including the completion of our planned Phase 2 clinical trials for this indication; and the remainder to fund other research and development activities, including the development of A-102 for the treatment of SK and common warts and the development of A-201 and A-301 for the treatment of AA, as well as for working capital and other general corporate purposes, including to pursue our strategy to in-license or acquire additional drug candidates, although we have no agreements or commitments for any specific acquisitions or in-licenses as of the date of this prospectus.
Company Information
Company Status
Publicly-held
Industry
Biopharmaceutical
Mailing Address
640 Lee Rd. 200
Wayne, PA 19087
USA
Wayne, PA 19087
USA
Phone
Website
Email Address
Overview
Aclaris Therapeutics, Inc. (ACRS) is a specialty pharmaceutical company focused on identifying, developing and commercializing novel dermatologic treatments.
Management Team
Title
Name
Email & Social
Browse more venture capital transactions:
Prev: 10/7/2015: Quartet Medicine venture capital transaction
Next: 10/7/2015: Spreedly venture capital transaction
Share this article
Where The Data Comes From
We do our best to document every notable VC transaction. VC transactions on this site are sourced from news reports and company announcements. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs